Proficio Capital Partners LLC Purchases Shares of 15,027 Olympic Steel, Inc. (NASDAQ:ZEUS)

Proficio Capital Partners LLC bought a new position in shares of Olympic Steel, Inc. (NASDAQ:ZEUS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,027 shares of the basic materials company's stock, valued at approximately $493,000. Proficio Capital Partners LLC owned about 0.13% of Olympic Steel at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its stake in shares of Olympic Steel by 2.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 30,120 shares of the basic materials company's stock worth $1,175,000 after acquiring an additional 578 shares in the last quarter. Van ECK Associates Corp boosted its position in Olympic Steel by 75.8% during the third quarter. Van ECK Associates Corp now owns 21,300 shares of the basic materials company's stock worth $778,000 after purchasing an additional 9,187 shares during the period. Los Angeles Capital Management LLC grew its holdings in Olympic Steel by 28.6% during the third quarter. Los Angeles Capital Management LLC now owns 6,747 shares of the basic materials company's stock valued at $263,000 after purchasing an additional 1,500 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Olympic Steel by 127.0% in the third quarter. Victory Capital Management Inc. now owns 12,989 shares of the basic materials company's stock valued at $507,000 after purchasing an additional 7,266 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of Olympic Steel by 17.3% in the third quarter. Royce & Associates LP now owns 49,196 shares of the basic materials company's stock worth $1,919,000 after buying an additional 7,253 shares during the last quarter. 87.07% of the stock is currently owned by institutional investors.

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Olympic Steel Stock Performance

Shares of ZEUS stock traded down $0.09 during trading hours on Thursday, reaching $31.49. 86,903 shares of the company's stock were exchanged, compared to its average volume of 113,201. Olympic Steel, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $73.27. The company has a quick ratio of 1.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $350.67 million, a P/E ratio of 15.98 and a beta of 1.48. The business has a fifty day moving average price of $33.91 and a 200-day moving average price of $36.97.

Olympic Steel (NASDAQ:ZEUS - Get Free Report) last released its earnings results on Thursday, February 20th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. The firm had revenue of $418.78 million during the quarter, compared to analysts' expectations of $441.60 million. Olympic Steel had a net margin of 1.18% and a return on equity of 3.31%. Analysts predict that Olympic Steel, Inc. will post 2.69 EPS for the current fiscal year.

Olympic Steel Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Monday, March 3rd. This is a boost from Olympic Steel's previous quarterly dividend of $0.15. Olympic Steel's dividend payout ratio (DPR) is presently 32.49%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com lowered shares of Olympic Steel from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. KeyCorp raised their price target on Olympic Steel from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Monday, February 24th.

Olympic Steel Profile

Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.